Physical rubber prices remained unchanged on Thursday, the market activities remained low and the decline in futures market too impacted the movements in spot. Meanwhile, it has been reported that Global natural rubber (NR) demand will increase this year, according to the initial trend in consumption, the high crude oil price may also positively impact demand world over. According to the latest ANRPC data, in January-March, consumption was up 2.1 per cent to 1.4 million tonnes.
Spot prices for RSS-4 and RSS-5 variety remained unchanged at Rs 198/kg and Rs 196/kg respectively.
In futures market, the contract of RSS-4 for April delivery closed at Rs 193.50 compared to its previous closing of Rs 194.58, while the contract for May delivery closed at Rs 199.90 compared to its previous closing of Rs 200.42 on National Multi Commodity Exchange.
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